UOA Development Bhd (UOA) was recently awarded the Asia-Pacific Builder’s Growth Excellence Leadership Award by Frost & Sullivan.
UOA is the first Malaysian-based property developer to be recognised for this prestigious award.
The award was presented at the 2013 Frost & Sullivan Asia Pacific Best Practices Awards held recently in the St. Regis Hotel, Singapore.
UOA was selected as the award recipient for its impressive growth figures by demonstrating excellence in capturing the highest annual compound growth rate for the last three years.
“UOA is commendable on its approximately 50% compound annual growth rate on its revenues for the past three years.
“This has positioned the company above other competitors in the market as the company has maintained its strong growth through a consistent and well-planned development pipeline in place,” said Frost & Sullivan Asia-Pacific research analyst Janice Wung.
“With its 30.2% year-on-year growth on revenues and a commendable nett profit growth of more than 50% in 2012, the company outshone many other established property developers in terms of growth excellence in Asia-Pacific.
“In addition, UOA’s growth performance has already been recognised by Forbes Asia,” she added.
The Frost & Sullivan Award for Asia-Pacific Builder’s Growth Excellence Leadership recognises a company’s leadership position within the industry in terms of growth.
UOA was presented with the award based on a thorough market evaluation conducted by Frost & Sullivan analysts following a rigorous measurement-based methodology to shortlist leading companies that demonstrate best practices in their industry.
UOA managing director Kong Chong Soon said, “We are honoured to be conferred this award as it underlines our commitment to growth excellence and value creation for our stakeholders.
“The recognition is testament to the hard work and dedication of our employees and business associates, who have all contributed to our achievements.”
UOA Development Bhd is one of the leading property developers in Kuala Lumpur and one of the few development companies in Malaysia that has a comprehensive integrated in-house development and construction division which allows the company to execute its developments efficiently on a fast-track basis, that is within a shorter development cycle.
Listed on the main board of Bursa Malaysia Securities Bhd, UOA, through its subsidiaries and associated companies, is primarily involved in property development, construction and property investment.
UOA’s projects are centralised within the Klang Valley with a focus on medium to high-end residential and commercial properties.
In 2012, UOA made it to the list of Forbes Asia’s 200 Best Under A Billion, which honours top performing 200 small and medium sized enterprises in Asia Pacific.